Rotweiler Obedience School's December 31, 2013, balance sheet showed net fixed assets of $1,635,000, and the December

Question:

Rotweiler Obedience School's December 31, 2013, balance sheet showed net fixed assets of $1,635,000, and the December 31, 2014, balance sheet showed net fixed assets of $1,976,000. The company's 2014 income statement showed a depreciation expense of $305,000. What was Rotweiler's net capital spending for 2014?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...